Village Farms International (Village Farms International) Inventory Turnover : 0.81 (As of Dec. 2023)

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What is Village Farms International Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Village Farms International's Cost of Goods Sold for the three months ended in Dec. 2023 was $63.2 Mil. Village Farms International's Average Total Inventories for the quarter that ended in Dec. 2023 was $77.8 Mil. Village Farms International's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Village Farms International's Days Inventory for the three months ended in Dec. 2023 was 112.25.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Village Farms International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.05.

Village Farms International Inventory Turnover Historical Data

The historical data trend for Village Farms International's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Village Farms International Inventory Turnover Chart

Village Farms International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.43

5.09

3.87

3.82

3.17

Village Farms International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.92	0.72	0.88	0.73	0.81

Village Farms International Inventory Turnover Calculation

Village Farms International's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	236.177	/ (	(70.582	+	78.472)	/	2 )
=	236.177	/	74.527
=	3.17

Village Farms International's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	63.219	/ (	(77.059	+	78.472)	/	2 )
=	63.219	/	77.7655
=	0.81

Village Farms International (NAS:VFF) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Village Farms International's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	77.7655	/	63.219	*	365 / 4
	=	112.25

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Village Farms International's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	77.7655	/	74.225
	=	1.05

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Village Farms International Inventory Turnover Related Terms

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Village Farms International (Village Farms International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Village Farms International Inc (NAS:VFF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

02V:Germany

Address

4700 - 80th Street, Delta, BC, CAN, V4K 3N3

Website

https://www.villagefarms.com

Village Farms International Inc owns and operates intensive agricultural greenhouse facilities in British Columbia and Texas, where it produces, markets and sells tomatoes, bell peppers and cucumbers. Its wholly owned subsidiary, Pure Sunfarms, is a vertically integrated licensed producer and supplier of cannabis products sold to other licensed providers and provincial governments across Canada and internationally. The Company's wholly owned subsidiary, Balanced Health, develops and sells, cannabidiol (CBD) based products including ingestible, edible and topical applications. Through its 70% ownership of Rose, the Company has a presence in the Province of Quebec as a cannabis supplier, producer and commercialization.

Executives

Kathleen M Mahoney	director	C/O SPARTANNASH, 850 76TH SW, GRAND RAPIDS MI 49518
Michael A Degiglio	director, 10 percent owner, officer: Chief Executive Officer	10 ALVIN CT, EAST BRUNSWICK NJ 08816
John Patrick Henry	director	C/O VILLAGE FARMS INTERNATIONAL, INC., 195 INTERNATIONAL PARKWAY, SUITE 100, HEATHROW FL 32746
Stephen C Ruffini	director, officer: Chief Financial Officer	C/O VILLAGE FARMS INTERNATIONAL, INC., 195 INTERNATIONAL PARKWAY, SUITE 100, HEATHROW FL 32746
Ann Lefever Gillin	officer: Executive Vice President	C/O VILLAGE FARMS INTERNATIONAL, INC., 4700 80TH STREET, DELTA A1 V4K 3N3
John R. Mclernon	director	200 GRANVILLE STREET, 19TH FLOOR, VANCOUVER A1 V6C 2R6
Christopher C. Woodward	director	C/O VILLAGE FARMS INTERNATIONAL, INC., 195 INTERNATIONAL PARKWAY, SUITE 100, HEATHROW FL 32746
David Holewinski	director	C/O VILLAGE FARMS INTERNATIONAL, INC., 195 INTERNATIONAL PARKWAY, SUITE 100, HEATHROW FL 32746
Roberta Cook	director	C/O VILLAGE FARMS INTERNATIONAL, 195 INTERNATIONAL PARKWAY, SUITE 100, HEATHROW FL 32746